Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Down 45.7% in April

Guggenheim Active Allocation Fund (NYSE:GUG) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 38,826 shares, a decrease of 45.7% from the April 15th total of 71,448 shares. Based on an average daily volume of 52,327 shares, the short-interest ratio is presently 0.7 days.

Insider Buying and Selling at Guggenheim Active Allocation Fund

In related news, insider Randall C. Barnes sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $15.85, for a total value of $47,550.00. Following the transaction, the insider directly owned 62,322 shares in the company, valued at approximately $987,803.70. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Guggenheim Active Allocation Fund by 49.7% in the second quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock worth $14,400,000 after purchasing an additional 305,677 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Guggenheim Active Allocation Fund by 16.4% in the third quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock worth $14,001,000 after buying an additional 126,657 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Guggenheim Active Allocation Fund by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 894,988 shares of the company’s stock worth $13,962,000 after buying an additional 95,952 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Guggenheim Active Allocation Fund by 4.0% in the third quarter. Raymond James Financial Inc. now owns 676,297 shares of the company’s stock worth $10,550,000 after buying an additional 26,295 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Guggenheim Active Allocation Fund by 12.0% in the first quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock worth $7,805,000 after buying an additional 55,628 shares in the last quarter.

Guggenheim Active Allocation Fund Stock Down 1.1%

Shares of GUG stock traded down $0.18 during trading on Friday, hitting $15.63. The company had a trading volume of 56,396 shares, compared to its average volume of 73,686. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $15.59. Guggenheim Active Allocation Fund has a 52 week low of $14.70 and a 52 week high of $16.50.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.1188 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, May 15th.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.